A business owner’s policy, or BOP, combines the most common coverages small businesses need into one package, usually at a lower price than buying each policy separately. It is a popular choice for small offices, retail shops, restaurants and service businesses.
What a BOP includes
- General liability: third-party injuries, property damage and advertising injury.
- Commercial property: your building if you own it, equipment, furniture and inventory.
- Business interruption: often included, replacing lost income and paying ongoing expenses if a covered event forces you to close temporarily.
Optional add-ons
Many insurers let you add coverage such as equipment breakdown, data breach or cyber coverage, hired and non-owned auto liability, and higher limits for valuable items.
What a BOP does not cover
- Employee injuries: you need workers’ compensation.
- Professional mistakes: you need professional liability.
- Business vehicles: you need commercial auto insurance.
- Floods and earthquakes, which usually require separate coverage.
Who qualifies for a BOP?
BOPs are designed for small and mid-sized businesses with lower risk profiles, limited revenue and a modest physical footprint. High-risk operations or very large businesses may need separate commercial policies.
Why choose a BOP?
- Lower combined price than separate policies in many cases.
- One policy, one renewal date and simpler administration.
- Coverage designed for the typical risks of small businesses.
Bundle and save with a business owner’s policy
Compare BOP options online and get coverage for liability and property in one policy with NEXT Insurance.
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Frequently asked questions
Is a BOP cheaper than separate policies?
Often yes, because insurers price the bundle for small businesses with similar risks. Always compare the same coverage limits.
Does a BOP include workers’ comp?
No. Workers’ compensation is a separate policy.
Can home-based businesses get a BOP?
Many can, especially if they have business equipment or inventory that a homeowners policy would not fully cover.
Related business insurance guides
This page is for general information only and is not insurance, legal or tax advice. Requirements, coverage and prices vary by state, industry and insurer. Review policy documents and speak with a licensed agent before buying.